European industry seeks financial relief

European Commission President Jose Manuel Barroso announced yesterday that he has established an ad-hoc group to assess the economic fallout from the multiday closure of much of Europe's airspace, with a particular focus on how the air transport industry was affected.
"The volcanic ash cloud has created an unprecedented situation," he said, adding that it is important that any measures taken "are coordinated at the European level." Barroso's move followed calls by the European airline ...